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Hims & Hers Health, Inc.（HIMS）与PELOTON INTERACTIVE, INC.（PTON）财务数据对比。点击上方公司名可切换其他公司
PELOTON INTERACTIVE, INC.的季度营收约是Hims & Hers Health, Inc.的1.1倍（$656.5M vs $617.8M），Hims & Hers Health, Inc.净利率更高（3.3% vs -5.9%，领先9.2%），Hims & Hers Health, Inc.同比增速更快（28.4% vs -2.6%），PELOTON INTERACTIVE, INC.自由现金流更多（$71.0M vs $-2.5M）
Hims & Hers Health, Inc.是2017年成立的美国远程医疗企业，面向消费者提供处方药品、非处方药物以及各类个人护理产品，依托线上服务模式为用户打造便捷的健康消费渠道，覆盖日常医疗、个护等多场景需求。
派乐腾（Peloton Interactive）是总部位于美国纽约的健身设备与媒体服务商，主打搭载联网触控屏的动感单车、跑步机、室内划船器等产品，用户付费订阅即可观看直播和录播健身课程，设备内置传感器可追踪运动功率等数据，为用户提供实时运动表现反馈，还支持排行榜功能与其他用户互动比拼。
HIMS vs PTON — 直观对比
营收规模更大
PTON
是对方的1.1倍
$617.8M
营收增速更快
HIMS
高出31.0%
-2.6%
净利率更高
HIMS
高出9.2%
-5.9%
自由现金流更多
PTON
多$73.5M
$-2.5M
损益表 — Q4 FY2025 vs Q2 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $617.8M | $656.5M |
| 净利润 | $20.6M | $-38.8M |
| 毛利率 | 71.9% | 50.5% |
| 营业利润率 | 1.5% | -2.2% |
| 净利率 | 3.3% | -5.9% |
| 营收同比 | 28.4% | -2.6% |
| 净利润同比 | -20.8% | 57.8% |
| 每股收益（稀释后） | $0.08 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收HIMSPTON
| Q4 25 | $617.8M | $656.5M | ||
| Q3 25 | $599.0M | $550.8M | ||
| Q2 25 | $544.8M | — | ||
| Q1 25 | $586.0M | — | ||
| Q4 24 | $481.1M | — | ||
| Q3 24 | $401.6M | — | ||
| Q2 24 | $315.6M | — | ||
| Q1 24 | $278.2M | — |
净利润HIMSPTON
| Q4 25 | $20.6M | $-38.8M | ||
| Q3 25 | $15.8M | $13.9M | ||
| Q2 25 | $42.5M | — | ||
| Q1 25 | $49.5M | — | ||
| Q4 24 | $26.0M | — | ||
| Q3 24 | $75.6M | — | ||
| Q2 24 | $13.3M | — | ||
| Q1 24 | $11.1M | — |
毛利率HIMSPTON
| Q4 25 | 71.9% | 50.5% | ||
| Q3 25 | 73.8% | 51.5% | ||
| Q2 25 | 76.4% | — | ||
| Q1 25 | 73.5% | — | ||
| Q4 24 | 76.8% | — | ||
| Q3 24 | 79.2% | — | ||
| Q2 24 | 81.3% | — | ||
| Q1 24 | 82.4% | — |
营业利润率HIMSPTON
| Q4 25 | 1.5% | -2.2% | ||
| Q3 25 | 2.0% | 7.5% | ||
| Q2 25 | 4.9% | — | ||
| Q1 25 | 9.9% | — | ||
| Q4 24 | 3.9% | — | ||
| Q3 24 | 5.6% | — | ||
| Q2 24 | 3.5% | — | ||
| Q1 24 | 3.6% | — |
净利率HIMSPTON
| Q4 25 | 3.3% | -5.9% | ||
| Q3 25 | 2.6% | 2.5% | ||
| Q2 25 | 7.8% | — | ||
| Q1 25 | 8.4% | — | ||
| Q4 24 | 5.4% | — | ||
| Q3 24 | 18.8% | — | ||
| Q2 24 | 4.2% | — | ||
| Q1 24 | 4.0% | — |
每股收益（稀释后）HIMSPTON
| Q4 25 | $0.08 | $-0.09 | ||
| Q3 25 | $0.06 | $0.03 | ||
| Q2 25 | $0.17 | — | ||
| Q1 25 | $0.20 | — | ||
| Q4 24 | $0.10 | — | ||
| Q3 24 | $0.32 | — | ||
| Q2 24 | $0.06 | — | ||
| Q1 24 | $0.05 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $228.6M | $1.2B |
| 总债务越低越好 | — | $1.5B |
| 股东权益账面价值 | $540.9M | $-326.7M |
| 总资产 | $2.2B | $2.2B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资HIMSPTON
| Q4 25 | $228.6M | $1.2B | ||
| Q3 25 | $345.8M | $1.1B | ||
| Q2 25 | $1.1B | — | ||
| Q1 25 | $273.7M | — | ||
| Q4 24 | $220.6M | — | ||
| Q3 24 | $165.5M | — | ||
| Q2 24 | $129.3M | — | ||
| Q1 24 | $105.2M | — |
总债务HIMSPTON
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益HIMSPTON
| Q4 25 | $540.9M | $-326.7M | ||
| Q3 25 | $581.0M | $-347.0M | ||
| Q2 25 | $562.7M | — | ||
| Q1 25 | $549.3M | — | ||
| Q4 24 | $476.7M | — | ||
| Q3 24 | $440.1M | — | ||
| Q2 24 | $362.0M | — | ||
| Q1 24 | $344.5M | — |
总资产HIMSPTON
| Q4 25 | $2.2B | $2.2B | ||
| Q3 25 | $2.2B | $2.2B | ||
| Q2 25 | $1.9B | — | ||
| Q1 25 | $891.7M | — | ||
| Q4 24 | $707.5M | — | ||
| Q3 24 | $602.3M | — | ||
| Q2 24 | $480.5M | — | ||
| Q1 24 | $448.1M | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $61.3M | $71.9M |
| 自由现金流经营现金流 - 资本支出 | $-2.5M | $71.0M |
| 自由现金流率自由现金流/营收 | -0.4% | 10.8% |
| 资本支出强度资本支出/营收 | 10.3% | 0.1% |
| 现金转化率经营现金流/净利润 | 2.98× | — |
| 过去12个月自由现金流最近4个季度 | $57.4M | — |
8季度趋势，按日历期对齐
经营现金流HIMSPTON
| Q4 25 | $61.3M | $71.9M | ||
| Q3 25 | $148.7M | $71.9M | ||
| Q2 25 | $-19.1M | — | ||
| Q1 25 | $109.1M | — | ||
| Q4 24 | $86.4M | — | ||
| Q3 24 | $85.3M | — | ||
| Q2 24 | $53.6M | — | ||
| Q1 24 | $25.8M | — |
自由现金流HIMSPTON
| Q4 25 | $-2.5M | $71.0M | ||
| Q3 25 | $79.3M | $67.4M | ||
| Q2 25 | $-69.5M | — | ||
| Q1 25 | $50.1M | — | ||
| Q4 24 | $59.5M | — | ||
| Q3 24 | $79.4M | — | ||
| Q2 24 | $47.6M | — | ||
| Q1 24 | $11.8M | — |
自由现金流率HIMSPTON
| Q4 25 | -0.4% | 10.8% | ||
| Q3 25 | 13.2% | 12.2% | ||
| Q2 25 | -12.8% | — | ||
| Q1 25 | 8.5% | — | ||
| Q4 24 | 12.4% | — | ||
| Q3 24 | 19.8% | — | ||
| Q2 24 | 15.1% | — | ||
| Q1 24 | 4.3% | — |
资本支出强度HIMSPTON
| Q4 25 | 10.3% | 0.1% | ||
| Q3 25 | 11.6% | 0.8% | ||
| Q2 25 | 9.3% | — | ||
| Q1 25 | 10.1% | — | ||
| Q4 24 | 5.6% | — | ||
| Q3 24 | 1.5% | — | ||
| Q2 24 | 1.9% | — | ||
| Q1 24 | 5.0% | — |
现金转化率HIMSPTON
| Q4 25 | 2.98× | — | ||
| Q3 25 | 9.43× | 5.17× | ||
| Q2 25 | -0.45× | — | ||
| Q1 25 | 2.20× | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 1.13× | — | ||
| Q2 24 | 4.03× | — | ||
| Q1 24 | 2.32× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
HIMS
暂无分部数据
PTON
| Subscription And Circulation | $412.6M | 63% |
| Connected Fitness Products Segment | $243.9M | 37% |
| Product Warranty | $4.0M | 1% |
